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Former UBS reps form new RIA
Three former UBS advisers form an independent registered investment advisory firm called Mississippi Investment Management.
Stifel Financial diving into RIA custody business
Stifel Financial Corp., which has been expanding its Stifel Nicolaus & Co. retail- brokerage business aggressively, is about to make a push into serving registered investment advisers.
Questioning the SEC’s case against Goldman Sachs
The Securities and Exchange Commission has taken a big gamble by going after The Goldman Sachs Group Inc. Wall Street's premier investment bank has the will and legal firepower to fight back.
M&A of RIAs hits record level
In the first quarter this year, more than half of the transactions involved advisers with $250 million or less in assets. Historically, these smaller advisers accounted for just a third of deals.
2010 clearing firms trends and analysis
The independent broker-dealer landscape has changed dramatically in recent years. But among the largest independent B-Ds, according to…
Do Firms Sue When They Are Afraid to Compete?
How can an Advisor or a Firm "own" someone else's money?
Schwab reverses course on alternatives
The firm says it will once again accept the assets in its custody unit
Wall Street ramps up hiring as profits return
The top firms are starting to expand payrolls, albeit gradually. If form follows, non-banks will soon start adding more employees, too
HighTower broker sued for selling investments tied to Ponzi scheme
Investors claim Curtis Lyman sold them promissory notes in a feeder fund for $1.4B scam
Morgan Stanley wealth manager moves to HighTower
HighTower Advisors LLC has hired another adviser from Morgan Stanley Smith Barney LLC's ranks — despite facing a continuing “lift-out” lawsuit that Morgan Stanley brought against it last month.
HighTower snatches longtime Morgan Stanley team
HighTower Advisors LLC announced today that it has snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
TD Ameritrade’s Tomczyk: We have ‘firepower’ for an acquisition
E*Trade Financial Corp. shares gained the most since December after TD Ameritrade CEO noted that his firm could pull off a major deal
Neuberger Berman taps J.P. Morgan Clearing as new custodian
Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
TD Ameritrade ups RIA focus
TD Ameritrade Holding Corp. is shifting its strategic priorities to asset gathering through registered investment advisers because the…
Financial adviser to France’s richest woman target of police search
Police searched the offices of the financial adviser to France's richest woman Friday as part of a growing scandal that includes allegations she gave cash illegally to President Nicolas Sarkozy's presidential campaign.
Blog: Should I stay or should I go?
As more Branch Managers pick up and move to another firm, more and more advisers are quoting the classic 1981 song by The Clash while considering whether they should follow their old boss to greener pastures.
<b>Editor’s pick</b>: The most expensive cities for your practice
Thinking of starting your own practice, re-locating, or opening up another office? Before you set up shop, here's the rundown on the most expensive cities in the country for office space.
HighTower rep tied to $1.4B Ponzi scheme
A broker at HighTower Advisors LLC, the startup with the sterling pedigree, has been sued over the sale of private notes into a feeder fund for what turned out to be a massive Ponzi scheme.
Ruling may benefit fund shareholders in the long run
The Supreme Court's unanimous decision in Jones v. Harris may seem to be a setback for mutual fund shareholders who think that the fees charged by many fund companies are too high.
SEC’s new adviser exam plan: ‘We simply show up’
Unannounced exams of advisers — based on tips and complaints — are replacing pre-planned visits, says compliance big at securities regulator
